BITS Limited has announced the resignation of its statutory auditors, M/s. R C CHADDA & CO. LLP, Chartered Accountants. The firm cited an inability to continue due to pre-occupied assignments requiring substantial time and resources. The resignation is effective from August 11, 2026. The company has also noted that the auditors provided the audit report for the financial year ended March 31, 2026, and a limited review report for the quarter ended June 30, 2026, prior to their resignation.
Resignation of Statutory Auditors Announced
BITS Limited today informed the stock exchanges about the resignation of its statutory auditors, M/s. R C CHADDA & CO. LLP. The firm, a Chartered Accountant entity with Firm Registration No: 003151N, submitted their resignation letter on August 11, 2026, citing an inability to continue in their role due to engagement in pre-occupied assignments that require substantial time and resources.
Auditors’ Final Reports and Effective Date
The resignation is effective from August 11, 2026. Prior to their resignation, M/s. R C CHADDA & CO. LLP completed and provided essential financial documents. These include the Audit Report dated May 25, 2026, for the financial year ended March 31, 2026, and the Limited Review Report dated July 24, 2026, for the quarter ended June 30, 2026. These actions were taken in compliance with applicable SEBI regulations.
Disclosure Compliance
The company has provided disclosures as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars. Annexures detailing the resignation of the statutory auditors and the information provided by the auditors in accordance with SEBI guidelines have been attached with the disclosure.
Source: BSE
